China's State Council said it is implementing tax cuts and spending measures to boost the economy. Taxes for small businesses are being cut; the unemployment-insurance rate that firms must pay is being scaled back; and taxes on investment in nonmonetary assets will be paid in installments, rather than at once, the council said. China Daily (Beijing) (26 Feb.) Australian (tiered subscription model), The (26 Feb.)

The Federal Communications Commission adopted rules barring Internet providers from slowing or blocking traffic and from creating deals with content companies to deliver better traffic to customers. Internet providers said the tougher regulation will discourage investment and innovation, and they plan to fight the rules in Congress and in courts. Reuters (26 Feb.) Bloomberg (26 Feb.) CNNMoney (26 Feb.)

A bill backed by Republicans clearing the way for construction of the Keystone XL pipeline from Canada to refineries on the U.S. Gulf Coast was vetoed by President Barack Obama. A decision on whether to approve the project should be made only after the State Department has completed its review of the proposal, Obama said. Senate Majority Leader Mitch McConnell said Republicans will try to override the veto. Globe and Mail (Toronto) (tiered subscription model), The (24 Feb.) FuelFix.com (24 Feb.) Reuters (24 Feb.)

If Congress allows funding authority for the Department of Homeland Security to expire Friday, the U.S. economy and national security will be directly affected, President Barack Obama says. Essential personnel would still report to work, but more than 100,000 agents for border patrol, airport security and port inspection would not be paid, he says. Reuters (23 Feb.) Hill, The (23 Feb.)

The European Central Bank mistakenly bought Greek government bonds valued at €6.7 billion right as the nation accepted a rescue in 2010, Finance Minister Yanis Varoufakis says. The two sides should hold talks on the bonds, which mature this summer, Varoufakis says. "Shouldn't we negotiate this? We will fight it," he said. "If we had the money, we would pay. ... They know we don't have it." Reuters (28 Feb.)

China's policies are successfully transforming the economy to a consumption-led model, according to data from the National Bureau of Statistics. In 2014, consumption produced 51.2% of gross domestic product, compared with 48.6% from investment, the agency said. China Daily (Beijing) (27 Feb.)

Since the financial crisis, hundreds of employees from credit rating agencies have gone to work for Wall Street companies. The migration is prompting questions about conflicts of interest and bias. Bloomberg (24 Feb.)

An interest-rate cut by the People's Bank of China is expected to relieve financing pressure and counter deflationary concerns, experts say. "Under the current circumstances, this will help reinforce effects from the last cut, lower the loan rate and social-financing cost, lighten burdens on enterprises and stabilize growth," said Lian Ping, chief economist of Bank of Communications. China Daily (Beijing) (02 Mar.)